Global Nutricosmetics Market will surpass USD 10.7 billion by 2031
The global nutricosmetics market is expected to grow at a CAGR of 6.0% during the forecast period, 2022-2031. The market will surpass USD 10.7 billion by 2031, increasing from USD 6.0 billion in 2022.
Growing awareness of the significance of nutrition for healthy skin, hair, and nails is driving the global nutricosmetics market. Increasing demand for beauty supplements, functional foods, and beverages also contributes to expanding the nutricosmetics industry. Increasing discretionary income and altering consumer lifestyles are two additional factors driving market expansion.
Browse ThinkWise Intelligence's exclusive report, spread through 156 Pages on "GLOBAL NUTRICOSMETICS MARKET, BY PRODUCT TYPE (SUPPLEMENTS, BEAUTY DRINKS), BY FUNCTION (SKIN CARE, HAIR AND NAIL CARE, WEIGHT MANAGEMENT, MULTIFUNCTIONAL), BY SALES CHANNEL (E-COMMERCE, HEALTH AND BEAUTY STORES, MODERN TRADE, PHARMACY STORES, SPECIALTY STORES, OTHERS) – COMPETITIVE LANDSCAPE & GROWTH POTENTIAL ANALYSIS, 2021-2031."
The supplements segment held the largest share of the nutricosmetics market during the projected period.
The nutricosmetics market is expanding rapidly due to the introduction of new products and formulations. This trend is being driven by the growing awareness of the benefits of nutricosmetics as well as the rising demand for products that offer both health and beauty benefits.
There are various nutricosmetics products available on the market, including supplements, creams, serums, and powders. These products can improve skin health, hair health, and nails. Nutricosmetics are also being used to improve overall health and well-being.
The increasing demand for nutricosmetics is driven by several factors, including the aging population, the rise in chronic diseases, and the growing interest in preventive healthcare. Nutricosmetics offer a unique solution to the needs of these consumers.
The Asia-Pacific nutricosmetics market is anticipated to expand rapidly during the forecast period.
The Asia-Pacific region is anticipated to be the fastest-growing market for nutricosmetics due to China and India's increasing economic development and disposable incomes. Due to the high awareness of nutricosmetics among North American consumers, it is anticipated that this region will be the largest market.
L'Oreal S.A., Unilever, The Estee Lauder Companies Inc., Amway Corporation, and Arkopharma Laboratories Pharmaceutiques Internationales S.A. are market leaders.